Issue of Shares to Non-Executive Directors

Circle Holdings plc

Issue of Shares to Non-Executive Directors

Circle Holdings plc (the "Company"), the vehicle that enables financial institutions to invest in Circle, the healthcare enterprise co-owned by the largest partnership of doctors, nurses and healthcare professionals in the UK (the "Circle Partnership"), announces that on 18 June 2012 it issued, at nominal value, an aggregate of 78,465 ordinary shares of £0.02 each in the capital of the Company ("Ordinary Shares") to the following Non-Executive Directors pursuant to individual share awards (the "Share Awards"). The Ordinary Shares were issued as follows:

The Ordinary Shares once vested cannot be sold or transferred until one year following the end of the Non-Executive Director's term of service. The Share Awards also provide that the remaining Ordinary Shares will vest in equal tranches in June 2013 and June 2014. Authority to issue such further Ordinary Shares was approved by shareholders at the Annual General Meeting held on 18 June 2012.

Application has been made for the Ordinary Shares to be admitted to trading on AIM ("Admission"), and it is expected that Admission will occur on 25 June 2012.

The named Non-Executive Directors do not hold any other interests in the ordinary share capital of the Company.

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